Funding arb · Price arb /

BX

RWAall BX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0050%/8h= +5.5% APRpaid last 24h −0.011%

Price spread now: tradeXYZ against Gate−0.134%7-day average −0.099% · you buy dearer than you sell

Net, funding: paid 7d − costs−$188as in the Funding arb table

Net, price: spread back to 7d avg − costs−$186as in the Price arb table

costs, in and out, $10k−$1831.829% of the position

Long on Gate Short on tradeXYZ

What this pair did over the last

the charts below follow

Funding, last 7 days−0.056%−$6 on $10k

Price spread, last 4 days (all we have)+0.086%+$9 · spread now −0.134%, 7d avg −0.099%

Together, before fees+0.030%+ Points / potential airdroptradeXYZ: Active · farm board+$3 on $10k · with fees, hour by hour

Funding pays, the price is against you. tradeXYZ is 0.035% cheaper against Gate than usual: you would sell low and buy high (spread −0.134% now, against its 7-day average of −0.099%). If the spread goes back, that is −$4 on $10k: about 2.4 days of funding at the current rate (+$2 a day). Mind the row above: over the last 7 days funding on this pair cost −0.056%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate BX_USDT	126.44	0	get 0.0000% / 8h	1h 54m	$422K	$25K	20x
Short	tradeXYZ xyz:BX	126.27	0.0050	get 0.0006% / 1h	54m 22s	$664K	$222K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

tradeXYZ against Gate. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee GatebpFee tradeXYZbpOrdersPrice spread, now −0.134%Rate

Funding earned: $10.5
Price spread: −0.134% → −0.099%: −$3.53
Slippage, 4 orders: −$149.9
Fee Gate: 7.5 bp × 2 orders: −$15
Fee tradeXYZ: 9 bp × 2 orders: −$18
Net: −$175.93
Costs to cover: 1.829%
Break-even: 124.3 days

Slippage from Gate: live order book, 51 min ago; tradeXYZ: live order book, 12 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Gate live order book, 51 min ago	14.64 bp	42.6 bp −$43	doesn't fit	doesn't fit	doesn't fit
Sell tradeXYZ live order book, 12 min ago	2.77 bp	31.7 bp −$32	doesn't fit	doesn't fit	doesn't fit

BX on 14 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster BXUSDT	0.0000%	8h	126.27	−0.132%	$5K	$2K	20x	as long as short
Binance BXUSDT	0.0000%	8h	126.45	+0.007%	$776K	$494K	20x	as long as short
Bybit BXUSDT	0.0000%	8h	126.48	+0.032%	$483K	$803K	25x	as long as short
OKX BX-USDT-SWAP	0.0000%	8h	126.29	−0.119%	$163K	$112K	20x	as long as short
QFEX BX-USD	0.0000%	1h	126.94	+0.395%	$1.1M	$1.5M	10x	as long as short
Gate BX_USDTlong	0.0000%	8h	126.44	long leg	$422K	$25K	20x
Bitget BXUSDT	0.0000%	8h	126.51	+0.055%	$900K	$37K	20x	as long as short
Variational Omni BX	0.0000%	8h	126.43	−0.010%	$43K	$12K	—	as long as short
GRVT BX_USDT_Perp	0.0000%	8h	126.45	+0.008%	$463	$105K	10x	as long as short
SunX BX-USDT	0.0000%	8h	126.44	0.000%	$431	$310K	10x	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX BX-USDT	0.0000%	8h	126.47	+0.024%	$7K	$4K	20x	as long as short
tradeXYZ xyz:BXshort	+0.0050%	1h	126.27	−0.134%	$664K	$222K	10x
KuCoin BXUSDTM	+0.0100%	8h	126.19	−0.198%	$115K	$828K	20x	as long as short
Injective BX/USDC PERP	+0.0220%	1h	138.74	+9.728%	$4K	$32K	12x	as long as short